Introduction:
Audits don’t have to be painful, expensive, or distracting. Most of the friction comes from missing documentation, unclear accounting positions, and reactive decision making. We help you streamline the work, organize your information, and speak the auditors’ language so the process runs smoother and faster.
We have experience working with Big 4 and mid-tier firms and understand exactly what they expect.
What We Do
1)Pre Audit Readiness Assessment
- Review your trial balance, key policies, and prior-year audit findings (if any).
- Identify high-risk areas (revenue, equity, leases, business combinations, etc.).
- Map out gaps in documentation, reconciliations, and controls.
- Provide a prioritized action plan to get “audit ready” before fieldwork starts.
2)PBC (Prepared By Client) List Management
- Review the auditor’s PBC list and translate it into a clear internal task list.
- Assign responsibilities, define due dates, and track completion status.
- Prepare or help prepare the required schedules and supporting documents.
- Maintain a secure folder structure (by cycle or area) so nothing is lost or duplicated.
This turns the PBC list from an overwhelming backlog into a manageable checklist.
3)Schedules & Supporting Documentation
We prepare audit ready schedules, including:
- Detailed balance sheet reconciliations with tie-outs to the GL
- AR, AP, and inventory aging reports that match the GL
- Fixed asset listings and roll forwards
- Deferred revenue and contract liability roll forwards
- Debt schedules and interest calculations
- Lease schedules and ROU asset/lease liability roll forwards
Each schedule is linked, footed, and cross-referenced so the auditor can test it quickly.
4)Walkthroughs, Controls, and Process Documentation
- Document key financial processes (order to cash, procure to pay, record to report, payroll).
- Create simple process flow narratives or diagrams.
- Define key controls and how they operate (who does what, how often, and how it’s evidenced).
- Prepare for control walkthroughs by rehearsing how your team will explain processes.
This is particularly valuable if your company is moving toward SOX, even if not formally in scope yet.
5)Accounting Position Papers & Technical Support
Auditors expect clear, written support for complex areas. We can draft or refine:
- Revenue recognition memos (ASC 606 / IFRS 15)
- Lease accounting memos (ASC 842)
- Business combination / acquisition accounting conclusions
- Share based compensation analyses
We prepare these in a format and style that aligns with how Big 4 firms document technical positions.
6)Audit Query Management
During the audit, we can:
- Track all information requests and questions from the audit team.
- Coordinate responses with your internal stakeholders.
- Prepare follow up analyses and clarifications.
- Help you respond clearly, completely, and consistently so issues don’t linger.
How We Work
- We agree on a standard checklist and timelines.
- We work securely in your systems or in a segregated environment, depending on your preference and adhering to your security protocols.
- We agree the scope, whether full audit preparation or support only on specific areas.
- We can participate in audit status calls as part of your extended team, if you wish.
- You get a single point of contact plus a small dedicated team if required. Who will assist you and work remotely as part of the Finance / Accounting department.
- Important to emphasize here is the direct point of contact and no red tape or layers in communication. Will ensure two hours of overlap time between the US and India thus you can communicate with your offshore team on a daily basis.